Dov Hertz in contract to buy massive dev site in Sunset Park. Here’s what he’s planning

18-acre plot comes with 1.6M buildable sf, was asking $300M: sources

Dov Hertz is placing another huge bet on the value of the Brooklyn waterfront and rise of e-commerce.

In partnership with Bridge Development Partners, the developer signed a contract this month to buy the 18-acre Sunset Industrial Park that had an asking price of roughly $300 million, sources told The Real Deal.

The parcel, with multiple addresses including 75-81 20th Street, has approximately 1.6 million square feet of buildable zoning rights, sources said.

A spokesperson for owner 601W Companies confirmed there was a deal to sell the site to Hertz’s company DH Property, but would not comment further. DH Property declined to comment.

For full article, visit https://therealdeal.com/

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